"In November, home prices rose slightly from the month before, with a median listing price of $290,000. The number of listings on the market shrank 3.4% from last month, which is a bigger decrease than normal for this time of the year in Jacksonville, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Jacksonville tend to rise in November."
"But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the River City are smaller the national market. In November, there were 3,968 homes for sale in Jacksonville, which was 3.4% less than the month before and 1.8% more than the same time last year."
Median listing price in Jacksonville was $290,000 in November, up slightly from October. The number of listings fell 3.4% from the previous month to 3,968 homes, a larger-than-normal seasonal decrease, and remained 1.8% higher than one year earlier. Price per square foot in Jacksonville decreased 0.2% month-over-month, compared with a 1.2% national decline, indicating smaller local price movement. Active inventory nationwide fell 2.5% to 1,072,266. Homes in Jacksonville averaged 73 days on market in November, four days longer than October and eight days longer than the same month last year, versus a 64-day national average.
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